Toyota Tsusho Corp. · TSE:8015

Toyota Tsusho — Toyota Tsusho Corp Ord — Q4 2023 Earnings Presentation

26 slides from Toyota Tsusho's earnings presentation, Apr 26, 2024

  1. Slide 1: Outline of Consolidated Results for FY2023, Earning Forecast for FY2024

    Outline of Consolidated Results for FY2023 Earning Forecast for FY2024 April 26th, 2024 Toyota Tsusho Corporation 1

  2. Slide 2: Outline of Consolidated Results

    (Reference) FY2022 FY2023 Outline of Consolidated Results Foreign Exchange Rate USD: 135yen USD: 145yen EUR: 141yen EUR: 156yen （Unit: Billion yen） YoY FY2022 FY2023 Variance FX Impact Results Results （ratio） Revenue 9,848.5 10,188.9 ＋340.4 +468.7 （＋3%） ＋83.5 Gross profit 968.8 1,052.3 （＋9%） +40.6 S

  3. Slide 3: Operating Profit Analysis

    (Reference) FY2022 FY2023 Profit Analysis（ （whole company） Foreign Exchange Rate USD: 135yen USD: 145yen EUR: 141yen EUR: 156yen ） （Unit︓Billion yen） Automotive 【Operating Profit Analysis】 Retails FY2022 (3.1) FY2023 ＋38.1 Markets Others Forex Effect /Prices (110.1) ＋16.6 (23.5) ＋24.6 Others Africa

  4. Slide 4: Others Analysis

    (Reference) FY2022 FY2023 Profit Analysis（ （whole company） Foreign Exchange Rate USD: 135yen USD: 145yen EUR: 141yen EUR: 156yen ） （Unit︓Billion yen） 【Others Analysis】 FY2022 FY2023 Variance Main Factor of variance Finance Increased due to the impact of one-off gain and losses, income 1.1 2.2 +1.1 a

  5. Slide 5: One-off Gains and Losses (Profit)

    One-off Gains and Losses (Profit) FY2022 FY2023 （Unit: Billion yen） ・(4Q) Impairment fixed asset of Production of Lithium Hydroxide Metals ・(3Q) Loss on withdrawal of resources recycling business in business in Japan -1.5 (1.0) (3.0) North America -1.0 ・(4Q) Impairment of mineral resources business

  6. Slide 6: Profit Analysis Results (Division)

    Profit Analysis Results（Division） （Unit︓Billion yen） FY2022 FY2023 Variance Main Factor (Ratio) Metals 76.6 60.7 (15.9) Impacted by falling Lithium, Neodymium and Aluminum (-21%) market prices Global Parts 34.3 45.5 +11.2 Increase in automotive parts handling mainly in Japan and & Logistics (+33%) N

  7. Slide 7: Consolidated Financial Position

    Consolidated Financial Position （Unit︓Billion yen） Mar.31, Mar.31, 2023 2024 Variance FX Impact Total Assets 6,377.0 7,059.9 +682.9 +312.2 （Inventory） 1,227.3 1,203.6 (23.7) +88.9 Net Worth 1,914.3 2,467.1 +552.8 Net Interest- bearing debt 1,298.3 1,172.2 (126.1) Net DER 0.68 0.48 (0.20) (times) Cur

  8. Slide 8: Cash Flow

    Cash Flow （Unit︓Billion yen） YoY FY2022 FY2023 Variance (ratio) Operating 444.2 542.1 +97.9 C/F (+22%) Investing (139.9) (219.5) (79.6) C/F (+57%) ※１,※2 ※Dividend (65.4) (81.3) (15.9) Payment 1,2 (+24%) Free C/F 238.9 241.3 +2.4 After Dividend (+1%) Payment ※1 ( ) represents an increase in investmen

  9. Slide 9: Metals Division (Full Year Results)

    Metals Division（Full Year Results） （Unit︓Billion yen） Main Factor of Operating Profit Variance Forex Effect ＋4.0 FY2022 FY2023 Prices Japan(Lithium etc.) (10.9) (20.8) 97.4 North America(Mobility) (10.3) 76.6 Europe(Steel Products) (3.8) 75.4 (14.7) India(Rare earth) (3.3) Others 60.7 ※ (22.0) China

  10. Slide 10: Global Parts & Logistics Division (Full Year Results)

    Global Parts & Logistics Division (Full Year Results) （Unit︓Billion yen） FY2022 FY2023 Main Factor of Operating Profit Variance 60.1 (14.6) Forex Effect ＋2.2 45.5 Japan ＋4.5 (14.6) 48.9 Demand Others /Trading Volume North America ＋3.4 34.3 ＋11.2 ※ China ＋1.1 Others Asia/Oceania ＋0.2 +9.8 ※ Others (0

  11. Slide 11: Automotive Division (Full Year Results)

    Automotive Division (Full Year Results) （Unit︓Billion yen） FY2022 FY2023 Main Factor of Operating Profit Variance 74.3 (18.4) Forex Effect ＋4.0 (14.6) 60.3 Demand 55.9 /Trading Volume 45.7 ＋14.0 Others <Export・Sales> Latin America ＋5.3 Others ※ <Exports・Sales> Europe ＋3.0 ※ <Exports・Sales> Asia/Ocea

  12. Slide 12: Machinery, Energy & Project Division (Full Year Results)

    Machinery, Energy & Project Division (Full Year Results) （Unit︓Billion yen） Main Factor of Operating Profit Variance Forex Effect +0.6 FY2022 FY2023 Demand Renewable energy (12.2) 41.2 (13.3) /Trading Volume Machinery +3.3 (10.5) (7.1) 39.7 Others Replacement cost of domestic wind power business in

  13. Slide 13: Chemicals & Electronics Division (Full Year Results)

    Chemicals & Electronics Division (Full Year Results) （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2022 FY2023 Forex Effect ＋0.9 76.5 (21.5) Chemicals Automotive production related +5.9 (23.6) 71.5 55.0 Chemical related +0.5 +6.3 47.9 System related +3.1 +5.0 Electronics others other

  14. Slide 14: Food & Consumer Services Division (Full Year Results)

    Food & Consumer Services Division (Full Year Results) （Unit︓Billion yen） （Unit︓Billion yen） FY2022 FY2023 Main Factor of Operating Profit Variance 21.1 (9.3) Forex Effect ＋0.0 Prices Overseas grain subsidiary ＋10.9 11.8 ▲0.710.2 ＋10.9 Feed grains Overseas manufacture and (1.0) 9.5 Others ※ Sales edi

  15. Slide 15: Africa Division (Full Year Results)

    Africa Division （Full Year Results） （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2022 FY2023 Forex Effect ＋8.7 111.2 (42.1) <Sales> West Africa +19.9 Automotive <Sales>East/South Africa +1.3 <Production related>South Africa ＋0.6 +40.9 <Sales>French Overseas Province (2.1) Goodwill/P

  16. Slide 16: FY2024 Forecast, Target

    FY2024 Forecast, Target （Unit︓Billion yen） FY2023 FY2024 Variance Variance Results Forecast （ratio） Gross Profit 1,052.3 1,160.0 +107.7 +10% 500.0 Operating Profit 441.5 +58.5 +13% Profit 331.4 350.0 +18.6 +6% Operating CF 542.1 450.0〜 Investment CF (219.5) (350.0)〜 FY2023 FY2024 Results Target Net

  17. Slide 17: Earning Forecast by Division for FY2024 (Profit)

    Earning Forecast by Division for FY2024 (Profit) （Unit︓Billion yen） FY2023 FY2023 FY2024 Variance Results Results Forecast (ratio) Variance New Divisions Metals 60.7 Metal＋(Plus) 40.0 Circular 51.0 124.0 ＋8.3 +7% Global Parts & 45.5 Economy 115.7 Digital Logistics 55.9 33.0 Mobility Solutions Supply

  18. Slide 18: Dividend Forecast

    Dividend Forecast In the period from FY2023 to FY2025. We will achieve progressive dividend and consolidated dividend payout ratio of 30% or more. In addition, agile payment will be considered in situation of cash flow. Dividend FY2023 FY2024 Variance per share 300 will continue Interim 125yen 150ye

  19. Slide 19: Supplementary Materials of Financial Results

    Supplementary Materials of Financial Results 19

  20. Slide 20: Cash Flows from Investing Activities (FY2023 Results)

    Cash Flows from Investing Activities (FY2023 Results) （Unit︓Billion yen） Major investment FY2023 ・Acquisition of fixed assets in North Mainstay America Blanking Business Total Investment ・Further Investment on knock down (327.7) businesses business in Cambodia Amount ・Acquisition of Terras Energy Ot

  21. Slide 21: Car Exports and Retail Sales Volume by Key Region and Country

    Car Exports and Retail Sales Volume by Key Region and Country （Unit︓units） Export Volume by Region Retail Sales Volume by Region Region FY2022 FY2023 Variance Region FY2022 FY2023 Variance Asia & Oceania 56,066 64,526 +8,460 Asia & Oceania 36,954 36,487 (467) 7,333 11,260 +3,927 Taiwan 32,156 +2,504

  22. Slide 22: Basic Risk Management Policy

    Basic Risk Management Policy （Unit︓Billion yen） Basic risk management policy 1) Keep total risk within risk-bearing capacity Risk Assets (RA) ＜ Risk Buffer (RB*1) 2) Earn returns commensurate with risk RVA*2＞0（ （after-tax ordinary income - RA× ×10%) *1 :RB＝Shareholders' equity＋Other components of ca

  23. Slide 23: Renewable energy generation capacity

    Renewable energy generation capacity Wind Solar As of Mar.2024 Our Group's Total Generating Capacity Hydro・Biomass Figures in parentheses indicate generation capacity equivalent to equity Europe:1,196MW North America:457MW （738MW） Japan:2,245MW （374MW） （1,673MW） Africa:263MW Central and South Americ

  24. Slide 24: Power Generation Capacity by Source

    Our Power Generation Business/ Power Generation Capacity by Source Total Capacity as end of Mar. 2024（MW） Proportion of Capacity equivalent By type Total Capacity to equity Capacity equivalent to equity Onshore Wind 3,350 2,423 57.7％ power renewable Solar 1,020 683 16.3％ Hydro 274 72 1.7％ Biomass 75

  25. Slide 25: Financial Summary

    Financial Summary （Unit︓Billion yen） J-GAAP IFRS FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 Net sale/ 8,663.4 8,170.2 5,797.3 6,491.0 6,762.7 6,694.0 6,309.3 8,028.0 9,848.5 10,188.9 Revenue (※) Profit (attributable to owners of the 67.5 (43.7) 107.9 130.2 132.6 135.5 134.

  26. Slide 26: Inquiries

    Inquiries Toyota Tsusho Corporation Investor Relations Group E-mail ttc_ir@pp.toyota-tsusho.com Tokyo Head Office TEL +81-3-4306-8201 ◆ This presentation contains “forward-looking statements” about the strategies and plans of Toyota Tsusho Corporation and its Group companies that are not historical

Toyota Tsusho Corp Ord — Q4 2023 Earnings Presentation on 6ix